176 Elm St - Lot 4
About This Property
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 25, 2010 | Sold | ||
| Sold | |||
| May 5, 2010 | Sold | ||
| Sold | |||
| Mar 24, 2010 | Listed by Gretchen Rickards | $175,000 | |
| Listed by Gretchen Rickards | |||
| | |||
|
Approved building lot with water, septic, gas, electric and foundation with first floor deck and plans included. Ready to frame! This lot is part of the Colby Village Condominium Association but is not restricted to "over 55". A top flight setting and neighborhood with easy access to Newburyport and commuter routes.
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| Nov 18, 2008 | Listed by Leading Edge Real Estate | $175,000 | |
| Listed by Leading Edge Real Estate | |||
| | |||
|
Approved building lot with water, septic, gas, electric and foundation with first floor deck and plans included. Ready to frame! This lot is part of the Colby Village Condominium Association but is not restricted to "over 55". A top flight setting and neighborhood with easy access to Newburyport and commuter routes.
| |||
| Jan 20, 2006 | Sold | ||
| Sold | |||
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